According to a revelation from sources with direct knowledge of the matter, the FTX estate has effectively liquidated $1.9 billion by selling off a large portion of solana (SOL), including tokens that were delayed in becoming available because of a vesting schedule. Sources Claiming FTX Offered Millions of Restricted Solana Tokens at a Significant Discount … Read more
The value of SOL has increased dramatically this week, lifting its decentralized exchange (dex) platforms to a new level and catapulting the layer one (L1) blockchain to the top of the 24-hour dex trading volume. In comparison to Ethereum’s dex platforms, which registered $2.03 billion in trade volume during the same period, Solana’s dex platforms … Read more
As DeFi lending system Marginfi announces the debut of its over-collateralized stablecoin YBX, the price rise of Solana continues. The larger cryptocurrency market took a brief break after a strong climb earlier this week, but Solana (SOL) is still rising, seeing gains of 10% for the second day in a row. The price of Solana … Read more